INDUSTRY WORKFLOWS · GUIDEUPDATED 2026-03-04
Industry Workflows
Legal and Accounting Due Diligence Screening
Support client and engagement risk checks for legal and accounting practices.
Professional services teams need defensible, source-backed due diligence before engagement. This workflow supports client acceptance, matter review, and periodic reassessment.
§01What this workflow covers
SCOPE- Screen prospective clients and counterparties before engagement.
- Support engagement committees with standardized risk evidence.
- Maintain a clear trail for internal compliance reviews.
§02Key statistics
DATA- Sanctions jurisdictions covered
- OFAC, EU, UN, UK & more
- ScreenVeritAI coverage model
- Key workflow dimensions
- 5 (Sanctions, Criminal Watchlists, PEP, Adverse Media, UBO)
- ScreenVeritAI workflow model
§03Compliance glossary
TERMS- Sanctions screening
- A control process that checks a person or entity against sanctions and watchlist datasets.
- PEP
- Politically Exposed Person: an individual in a prominent public function requiring enhanced due diligence.
- UBO
- Ultimate Beneficial Owner: the natural person who ultimately owns or controls a legal entity.
§04Authoritative references
SOURCES- 01OFAC Sanctions Lists
U.S. Department of the Treasury
- 02EU Financial Sanctions Database
European Commission
- 03UN Security Council Consolidated List
United Nations Security Council
- 04FATF Guidance on Beneficial Ownership and Transparency
Financial Action Task Force
§05Expert perspective
NOTE“Risk controls perform best when sanctions checks and ownership context are reviewed together.”
§06Frequently asked questions
Q&A- Can this be used in client acceptance workflows?
- Yes. It supports pre-engagement screening and risk documentation.
- Is this useful for recurring client reviews?
- Yes. The workflow can be repeated for periodic or event-driven reassessment.
- Can legal and accounting teams share a single standard?
- Yes. The same framework can support multiple professional-service functions.
- Does it provide evidence suitable for audits?
- Yes. Outputs are structured for internal controls and defensible records.
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